Positive Effects of Corporations

Mark Hopkins

Writing 1320 2:40 p.m. T TR

2-27-11

Positive Effects of Corporations

               Many people only see the negative side of corporations and fail to recognize the many positive effects that corporations can have on the general public.  Almost all corporations contribute to economical growth through their investments, products, and services.  Many corporations can convert their knowledge into practical results such as their products and services, especially in the agriculture and health industries.  Corporations are also responsible for the advancement of technology and making those technologies available for the general public.  In addition patents safeguard the ideas and results of inventors and entrepreneurs that are outside of corporations.  Many corporations’ policies are determined by economic criteria such as market size, and availability of raw materials, not by the government trying to extend its range of power.  Corporations provide many job opportunities to the general public and training in a wide array of areas as well.  They are also responsible for much of the research that is done and putting that new knowledge about something to a use in a way that benefits not only themselves but the general public as a whole.  They also help increase the country’s export income.  Corporations can also manufacture certain goods and provide certain services, such as food and medicine that are impossible for small business to provide because the market is too big.   They also increase the productivity of labor through globalization.  They also usually pay wages that are significantly higher than other traditional jobs.  In addition they motivate entrepreneurship by increasing business competition.  Corporations are also a source of tax revenue for the government.  There are many positive things that corporations contribute to society.  It would be extremely difficult for the general public to provide the goods and services that are needed for everyday life, such as food and clothes, to the entire country.  Corporations allow people to move on with their life so they do not have to grow their own food or provide everyday things for themselves.  Corporations allow people to have more freedom and are essential for America to function prosperously. 

Works Cited

Loviza, Amanda. Kroger’s Produce Aisle. 2010. Accessed 27 Feb. 2011. <http://fgscholars.com/farmtofork/archives/595>.

Novartis Foundation . The Effect of Multinational Companies on Development. 2000. 27 February 2011 <http://www.urbana.org/articles/the-effect-of-multinational-companies-on-development>.

Shah, Anup. Corporations. 2 October 2010. 27 February 2011 <http://www.globalissues.org/issue/50/corporations>.